Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/17/2012 8:45:00 AM Write a Letter to the Editor Write a letter to the Editor

Housing Starts Fall 5.8% in March

Housing starts dropped 5.8% in March to a five-month low, the Commerce Department said Tuesday.

Starts fell to an annual rate of 654,000 units, from a revised 694,000 in February that was smaller than originally reported.

The March rate was lower than economists’ forecasts of a 705,000 rate, Bloomberg reported.

Building permits, an indicator of future construction, increased 4.5% to 747,000, the highest level since September 2008.

Single-family home starts, which account for about 85% of the total, dipped 0.2% to a 462,000 rate.

Work on multifamily units, which is often more volatile, dropped 17% to an annual rate of 192,000.

Starts declined 16% in the South, but rose 33% in the Northeast and 1% in the Midwest. Starts were little changed in the West.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement